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Forex Trend Analysis Report

Prepared for you on Monday, July 6, 2020.

Hong Kong Dollar/Argentine Peso (FOREX:HKDARS)

Countertrend Up (+85) - HKDARS is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid HKDARS?

MarketClub looks at technical strength and momentum to determine if the timing is right for HKDARS.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_HKDARS
Open High Low HKDARS Price Change
9.066940 9.115686 9.059068 9.114514 +0.047574
Entry Signal

MarketClub’s Trade Triangles for HKDARS

long term up The long-term trend has been UP since Jul 19th, 2017 at 2.208300

intermediate term up The intermediate-term trend has been UP since Jan 1st, 2020 at 7.705204

short term down The short-term trend has been DOWN since Jul 6th, 2020 at 9.067977

Smart Scan Analysis for HKDARS

Based on our trend formula, HKDARS is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for HKDARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.066940 9.115686 9.059068 9.114514 +0.047574
Prev. Close Volume Bid Ask Time
9.066940 9.113999 9.115028 2020-07-06 02:34:19
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